Yext, Inc. announced its results for the third quarter of fiscal year 2025, ended October 31, 2024, on December 9, 2024. The company reported revenue of $114.0 million, representing a 13% increase from the third quarter of fiscal 2024, and exceeding the analyst consensus estimate of $113.208 million.
The company achieved a GAAP net loss of $12.8 million, or $(0.10) per basic share, which included costs associated with the Hearsay Systems acquisition. Non-GAAP EPS was $0.12, meeting analyst consensus estimates, and Adjusted EBITDA reached $23.1 million, ahead of guidance, with a 20% margin.
Annual Recurring Revenue (ARR) grew sequentially to $441.8 million, including the integration of Hearsay Systems ARR. Yext also reported slight sequential increases in its gross and net retention rates for both its Total and Direct businesses, excluding Hearsay for consistency in trailing twelve-month calculations. The company noted progress in integrating Hearsay Systems and the launch of Yext Social, which addresses customer demand for unified social media management.
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